Roger,
That's about as many fully short Bears as I've seen in some time.
Here's the FLB/FSB ratio chart
http://www.traders-t...ost&id=5572.png
That's Bullish intermediate-term, BUT one caveat is that these folks tend to get right right right at turns. That's odd, and uncanny, but so it goes.
Here's the last year of data. Sorry for formatting issues.
4/3/06 28.57% 14.29%
4/4/06 22.58% 22.58%
4/5/06 33.33% 14.81%
4/6/06 35.00% 20.00%
4/7/06 33.33% 14.81%
4/10/06 19.44% 16.67%
4/11/06 27.59% 13.79%
4/12/06 31.03% 27.59%
4/13/06 29.63% 29.63%
4/17/06 21.21% 21.21%
4/18/06 24.00% 20.00%
4/19/06 34.48% 17.24%
4/20/06 24.14% 13.79%
4/21/06 30.77% 19.23%
4/24/06 22.86% 14.29%
4/25/06 23.08% 15.38%
4/26/06 38.10% 14.29%
4/27/06 27.27% 18.18%
4/28/06 26.32% 15.79%
5/1/06 31.03% 10.34%
5/2/06 36.36% 9.09%
5/3/06 38.46% 15.38%
5/4/06 33.33% 14.81%
5/5/06 25.00% 16.67%
5/8/06 34.15% 14.63%
5/9/06 33.33% 4.17%
5/10/06 24.00% 12.00%
5/11/06 16.67% 12.50%
5/12/06 21.43% 10.71%
5/15/06 12.82% 20.51%
5/16/06 28.13% 18.75%
5/17/06 25.00% 10.00%
5/18/06 23.08% 26.92%
5/19/06 13.48% 14.61%
5/22/06 19.51% 17.07%
5/23/06 17.95% 15.38%
5/24/06 31.11% 13.33%
5/25/06 23.08% 20.51%
5/26/06 18.18% 15.15%
5/30/06 29.73% 13.51%
5/31/06 25.00% 22.22%
6/1/06 32.26% 25.81%
6/2/06 34.78% 30.43%
6/5/06 26.32% 15.79%
6/6/06 13.46% 25.00%
6/7/06 18.92% 27.03%
6/8/06 20.83% 22.92%
6/9/06 21.62% 18.92%
6/12/06 16.00% 18.00%
6/13/06 21.31% 13.11%
6/14/06 26.47% 26.47%
6/15/06 26.92% 19.23%
6/16/06 18.18% 24.24%
6/19/06 19.51% 19.51%
6/20/06 21.43% 25.00%
6/21/06 12.50% 29.17%
6/22/06 24.14% 17.24%
6/23/06 22.22% 18.52%
6/26/06 26.09% 26.09%
6/27/06 20.69% 27.59%
6/28/06 13.33% 26.67%
6/29/06 17.50% 20.00%
6/30/06 27.27% 24.24%
7/3/06 24.32% 18.92%
7/5/06 29.03% 12.90%
7/6/06 23.53% 23.53%
7/7/06 20.00% 23.33%
7/10/06 26.19% 19.05%
7/11/06 16.67% 23.33%
7/12/06 14.81% 25.93%
7/13/06 24.00% 32.00%
7/14/06 18.18% 15.15%
7/17/06 35.29% 17.65%
7/18/06 24.24% 18.18%
7/19/06 35.71% 17.86%
7/20/06 21.43% 17.86%
7/21/06 29.03% 16.13%
7/24/06 19.05% 21.43%
7/25/06 28.13% 12.50%
7/26/06 16.00% 20.00%
7/27/06 15.79% 21.05%
7/28/06 19.05% 23.81%
7/31/06 23.53% 17.65%
8/1/06 26.32% 21.05%
8/2/06 30.43% 17.39%
8/3/06 31.58% 15.79%
8/4/06 17.39% 21.74%
8/7/06 21.21% 24.24%
8/8/06 25.00% 12.50%
8/9/06 18.18% 13.64%
8/10/06 18.75% 12.50%
8/11/06 20.00% 15.00%
8/14/06 11.11% 22.22%
8/15/06 13.04% 17.39%
8/16/06 13.95% 18.60%
8/17/06 7.41% 25.93%
8/18/06 16.67% 20.83%
8/21/06 9.43% 22.64%
8/22/06 8.00% 20.00%
8/23/06 23.53% 23.53%
8/24/06 10.71% 21.43%
8/25/06 14.81% 14.81%
8/28/06 15.79% 15.79%
8/29/06 18.92% 27.03%
8/30/06 32.26% 19.35%
8/31/06 22.22% 25.93%
9/1/06 20.51% 23.08%
9/5/06 18.37% 24.49%
9/6/06 20.59% 32.35%
9/7/06 8.82% 26.47%
9/8/06 9.68% 29.03%
9/11/06 11.90% 16.67%
9/12/06 10.71% 25.00%
9/13/06 14.29% 31.43%
9/14/06 15.63% 25.00%
9/15/06 12.90% 29.03%
9/18/06 18.52% 27.78%
9/19/06 14.71% 32.35%
9/20/06 14.29% 25.71%
9/21/06 16.67% 28.57%
9/22/06 17.39% 32.61%
9/25/06 14.81% 31.48%
9/26/06 14.63% 31.71%
9/27/06 20.93% 27.91%
9/28/06 26.32% 31.58%
9/29/06 23.81% 30.95%
10/2/06 15.52% 27.59%
10/3/06 19.51% 21.95%
10/4/06 22.22% 25.00%
10/5/06 32.65% 18.37%
10/6/06 25.00% 33.33%
10/9/06 30.95% 19.05%
10/10/06 25.71% 22.85%
10/11/06 37.50% 15.63%
10/12/06 22.86% 20.00%
10/13/06 28.57% 17.14%
10/16/06 30.61% 24.49%
10/17/06 28.57% 28.57%
10/18/06 38.24% 20.59%
10/19/06 25.00% 21.88%
10/20/06 40.63% 12.50%
10/23/06 35.19% 22.22%
10/24/06 18.42% 21.05%
10/25/06 23.33% 8.70%
10/26/06 24.24% 18.18%
10/27/06 18.92% 18.92%
10/30/06 21.74% 23.91%
10/31/06 17.65% 23.53%
11/1/06 31.58% 18.42%
11/2/06 28.57% 17.14%
11/3/06 28.13% 18.75%
11/6/06 26.67% 17.78%
11/7/06 29.03% 12.90%
11/8/06 28.57% 14.29%
11/9/06 21.21% 18.18%
11/10/06 31.25% 12.50%
11/13/06 27.50% 15.00%
11/14/06 27.27% 15.15%
11/15/06 20.00% 10.00%
11/16/06 27.59% 24.14%
11/17/06 17.14% 17.14%
11/20/06 25.64% 17.95%
11/21/06 26.67% 16.67%
11/22/06 36.67% 6.67%
11/24/06 28.57% 17.14%
11/27/06 23.91% 13.04%
11/28/06 23.68% 13.16%
11/29/06 24.32% 13.51%
11/30/06 28.00% 12.00%
12/1/06 28.00% 12.00%
12/4/06 20.83% 14.58%
12/5/06 25.00% 15.63%
12/6/06 28.57% 10.71%
12/7/06 17.24% 13.79%
12/8/06 18.18% 18.18%
12/11/06 20.45% 13.64%
12/12/06 26.67% 10.00%
12/13/06 25.81% 12.90%
12/14/06 15.38% 15.38%
12/15/06 25.00% 14.29%
12/18/06 16.22% 16.22%
12/19/06 14.29% 16.22%
12/20/06 17.86% 14.29%
12/21/06 23.81% 14.29%
12/22/06 12.00% 16.00%
12/26/06 14.29% 11.43%
12/27/06 16.67% 23.33%
12/28/06 30.00% 20.00%
12/29/06 19.23% 23.08%
1/3/07 14.00% 16.00%
1/4/07 22.50% 5.00%
1/5/07 32.00% 12.00%
1/8/07 23.08% 17.95%
1/9/07 30.00% 23.33%
1/10/07 21.74% 21.74%
1/11/07 22.58% 16.13%
1/12/07 26.92% 19.23%
1/16/07 23.91% 17.39%
1/17/07 29.41% 23.53%
1/18/07 25.00% 19.44%
1/19/07 30.30% 24.24%
1/22/07 30.95% 16.67%
1/23/07 26.47% 11.76%
1/24/07 28.57% 10.71%
1/25/07 39.39% 12.12%
1/26/07 24.39% 9.76%
1/29/07 19.57% 15.22%
1/30/07 28.21% 12.82%
1/31/07 33.33% 13.33%
2/1//2007 17.24% 17.24%
2/2//2007 25.00% 15.63%
2/5//2007 25.00% 19.23%
2/6//2007 27.27% 15.15%
2/7//2007 35.29% 17.65%
2/8//2007 23.68% 23.68%
2/9//2007 30.00% 16.67%
2/10//2007 21.43% 14.29%
2/13//2007 24.00% 12.00%
2/14//2007 27.59% 3.45%
2/15//2007 27.59% 17.24%
2/16/07 26.92% 17.24%
2/20/07 34.15% 14.63%
2/21/07 30.43% 17.39%
2/22/07 33.33% 20.00%
2/23/07 24.14% 20.69%
2/26/07 23.53% 11.76%
2/27/07 24.24% 9.09%
2/28/07 11.43% 17.14%
3/1/07 13.33% 20.00%
3/2/07 18.18% 18.18%
3/5/07 11.86% 13.56%
3/6/07 18.52% 18.52%
3/7/07 19.44% 16.67%
3/8/07 28.00% 28.00%
3/9/07 23.33% 16.67%
3/12/07 14.63% 18.29%
3/13/07 29.03% 19.35%
3/14/07 13.89% 27.78%
3/15/07 32.56% 18.60%
3/16/07 23.81% 7.14%
3/19/07 20.41% 22.45%
3/20/07 28.21% 12.82%
3/21/07 22.22% 13.89%
3/22/07 43.59% 17.95%
3/23/07 32.56% 9.03%
3/26/07 28.57% 17.86%
3/27/07 17.14% 20.00%
3/28/07 28.13% 12.50%
3/29/07 25.71% 17.14%
3/30/07 23.53% 20.59%
4/2/07 21.43% 12.50%
4/3/07 20.59% 14.71%
4/4/07 20.51% 17.95%
4/5/07 6.45% 20.90%
4/9/07 23.37% 9.26%
4/10/07 17.65% 8.82%
4/11/07 25.64% 17.95%
4/12/07 22.22% 13.89%
4/13/07 22.58% 19.35%
4/16/07 25.00% 15.91%
4/17/07 31.43% 11.43%
4/18/07 21.21% 24.24%
4/19/07 19.35% 35.48%
4/20/07 28.00% 24.00%
4/23/07 24.56% 24.56%
4/24/07 29.17% 20.83%
4/25/07 27.27% 27.27%
4/26/07 43.33% 13.33%
4/27/07 50.00% 18.18%
4/30/07 25.53% 23.40%
5/1/07 19.35% 29.03%
5/2/07 21.88% 18.75%
5/3/07 27.27% 21.21%
5/4/07 27.27% 27.27%
5/7/07 22.73% 27.27%
5/8/07 24.24% 33.33%
5/9/07 18.18% 30.30%
5/10/07 22.22% 33.33%